Definitions for LEASElis

This page provides all possible meanings and translations of the word LEASE

Princeton's WordNet(0.00 / 0 votes)Rate this definition:

lease, rental, letting(noun)

property that is leased or rented out or let

lease(noun)

a contract granting use or occupation of property during a specified time for a specified payment

lease, term of a contract(verb)

the period of time during which a contract conveying property to a person is in effect

rent, lease(verb)

let for money

"We rented our apartment to friends while we were abroad"

rent, hire, charter, lease(verb)

hold under a lease or rental agreement; of goods and services

lease, let, rent(verb)

grant use or occupation of under a term of contract

"I am leasing my country estate to some foreigners"

lease, rent, hire, charter, engage, take(verb)

engage for service under a term of contract

"We took an apartment on a quiet street"; "Let's rent a car"; "Shall we take a guide in Rome?"

Webster Dictionary(0.00 / 0 votes)Rate this definition:

Lease(verb)

to gather what harvesters have left behind; to glean

Lease(verb)

to grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out

Lease(verb)

to hold under a lease; to take lease of; as, a tenant leases his land from the owner

Lease(verb)

a demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation

Lease(verb)

the contract for such letting

Lease(verb)

any tenure by grant or permission; the time for which such a tenure holds good; allotted time

Freebase(0.00 / 0 votes)Rate this definition:

Lease

A lease is a contractual arrangement calling for the lessee to pay the lessor for use of an asset.
The narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner. The verb to lease is less precise as it can refer to either of these actions. Examples of a lease for intangible property are use of a computer program, or use of a radio frequency.
The term rental agreement is also sometimes used to describe a periodic lease agreement internationally and in some regions of the United States.